There’s a very light, scattered direct cash cattle trade that’s been reported.  Live deals in the South are at $139, $1 higher than last week’s weighted averages.  There are some bids that have surfaced in cattle country around $223 dressed.  Asking prices are at $140-plus live in the South, while the North has not been established yet.  Look for packer inquiry to improve as the day progresses. 

Boxed beef was higher at midday on strong demand for moderate offerings.  Choice is $.75 higher at $272.86 and Select is $1.25 higher at $261.54.

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